Fodelia (FODELIA) Q1 2025 earnings summary

Executive summary

• Comparable group revenue grew by 10.3% year-over-year to €13.5 million in Q1 2025, with growth expected to accelerate towards year-end, despite a 1.6% decline in total revenue due to divestments in 2024.

• Profitability declined slightly compared to the previous year, but full-year profitability is expected to improve due to efficiency measures and revenue growth.

• Active development continued in IT, cybersecurity, and sustainability, including SBTi target setting and expanded FSSC 22000 certification.

• Foodservice market growth was flat, but ready meal sales outperformed the market, and new customer wins are expected to accelerate growth later in the year.

Financial highlights

• Q1 2025 group revenue was €13.5 million (Q1 2024: €13.7 million), down 1.6% due to divestments.

• Q1 2025 group EBITDA was €1.18 million (8.7% margin), down 13.4% year-over-year.

• EBIT was €0.69 million (5.1% margin), down 15% year-over-year.

• Net profit was €0.47 million (3.5% margin), down 15.4% year-over-year.

• EPS was €0.06, down 42.4% year-over-year.

Outlook and guidance

• 2025 revenue guidance: €58–63 million, with EBIT margin expected to improve from the previous year.

• Revenue growth is expected to accelerate in the latter part of the year, driven by new customer acquisitions and international expansion.

• Long-term targets: revenue ≥ €100 million and EBIT margin >10% by 2028.

• Dividend policy aims to distribute at least 35% of profit.